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Mortgage Trading Exchange now available to all introducers

Mortgage Trading Exchange is now available to all introducers in the UK following a roll-out of MTE stand-alone.

Every mortgage introducer will now be able to use the MTE regardless of what sourcing or
point of sale systems they are currently using.

Rather than using various lender websites, each of which work in different ways and may require different passwords, introducers can trade electronically and
manage the majority of their mortgage business on the MTE in a similar way.

MTE chief executive Mark Lofthouse says: “The main goal of the Mortgage Trading Exchange was to enable every mortgage introducer to electronically complete and transact mortgages with the majority of lenders in the UK. We are absolutely delighted that with the launch of MTE ‘standalone’ we
have been able to achieve this objective.”


Leeds loses the Holbeck

Leeds & Holbeck Building Soc- iety is changing to its new name as Leeds Building Soc- iety this week. Chief executive Ian Ward is overseeing the new brand and there are plans for expansion. An advertising campaign is starting this week. Ward emphasises that Leeds will remain an independent building society. Its half-yearly results are […]

Protection rates likely to rise in wake of hurricane

Life and protection rates are likely to rise in the aftermath of Hurricane Katrina, says Scottish Widows marketing director, protection, Nick Kirwan. He predicts that rates will inevitably be raised in the UK as well as the US, as reinsurers face a massive hit on capital and a reduction in capacity. Other insurers say they […]

Is sub-prime suspect?

Most of us have watched in horror at the situation in New Orleans and the time it took for the relief effort following Hurricane Katrina. That would never happen in the UK, we may think. But would it?

Industry criticises 4m stakeholder drive

Scottish Life head of pension strategy Steve Bee criticises the amount that the Government is spending to promote stakeholder when he says it is unsuitable for millions of people. Bee says it is crucial to get the public to save more but claims it is foolish to pretend that pouring money into this sort of […]

Life begins at…

By Fiona Holmes, proposition communications manager Having reached a certain age (it’s the new 40 by the way), I’m having to come to terms with the fact that my peers and I aren’t as immune from illness or death as we’d like to think. That’s the problem with 30 being the new 20 and 40 […]


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